Trader Michael Iervoline works on the floor of the New York stock Exchange.(Photo: Richard Drew,AP)
Story Highlights
- China growth data and Boston marathon bomb shake confidence
- Gold and oil prices fell sharply on Monday
- Stock futures are pushing higher
U.S. stock futures were bouncing back on Tuesday following big losses for the major indexes and commodity prices in the prior trading session.
Ahead of the market open, the Dow Jones industrial average rose 0.61% to 14,600, the Standard & Poor's 500 index added 0.55% to 1,552 and the Nasdaq 100 index climbed 0.71% to 2,803.25.
On Wall Street on Monday, the Dow fell 1.8% to close at 14,599.20. The S&P 500 index fell 2.3% to 1,552.36. The Nasdaq composite fell 2.4% to 3,216.49. Slowing Chinese growth data disappointed investors in the early part of the trading day while a deadly bombing at the finish line of the Boston marathon further rattled confidence.
MARKETS ON MONDAY: [Dear Guest/Member you can't see link before click here to register]
On Tuesday, gold pushed higher, with the April contract rising more than $14 to $1,375 an ounce. The yellow metal fell more than 9% in frenzied Monday selling.
Benchmark oil for May delivery dived $2.10 to $86.58 per barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $2.58, or 2.8%, to finish at $88.71 a barrel on Monday.
In Asia, Japan's Nikkei index fell 0.41% to 13,221.44, retreating from last week's multiyear highs.
